Saxo Bank releases new OpenAPI version, transition to new FX Order types gets completed

Maria Nikolova

In an effort to simplify order placement for FX instruments, Saxo’s OpenAPI is transitioning from one set of stop orders to another set of stop orders.

Multi-asset trading expert Saxo Bank has just rolled out the latest version of its OpenAPI, with the transition to new FX Order types now fully completed.

In an effort to simplify order placement for FX instruments, the API is transitioning from one set of stop orders to another set of stop orders. The change only affects FxSpot.

Before the change the list of available order types for FxSpot included:

  • For non-DMA trades: StopIfBid, StopIfOffered, TrailingStopIfBid, TrailingStopIfOffered and StopLimit, Market and Limit;
  • For DMA trades: GuranteedStop,TrailingStop, StopLimit, Market and Limit.

After the change, the list includes only: Stop,TrailingStop, StopLimit, Market and Limit for both non-DMA and DMA trades.

As a developer you will not see a change in the list of PlacableOrderTypes enum. But once the transition is made, you will find that the list of “SupportedOrderTypes” returned for an instrument, when calling ref/v1/instruments/details will be modified to only return Stop, TrailingStop, StopLimit, Market and Limit. In other words the values of StopIfBid, StopIfOffered, TralingStopIfBid, TrailingStopIfOffered and GuaranteedStop, will no longer be returned for FxSpot.

Under further changes released in the latest version of the API, an order will retain the same order id, even if the order is filled over several exchange sessions. This change will make it easier to keep track of an order and the position or positions created as the result of the order being filled.

Read this next

Digital Assets

Auros raises $17m to strengthen LP and market making business in Crypto

“This strategic partnership with VivCourt and Bit Digital will place Auros in a strong position to build upon our best-in-class market making offering, grow our Derivatives Solutions business and continue to expand market share in our core HFT arbitrage and relative value strategies.”

Digital Assets

Metacade Presale Hits Final Stage Before Listings, Raising Over $500k in under 24 hours

Metacade, fast becoming the most exciting GameFi project in 2023, has reached the final stage of its token presale after raising more than $500k in 24 hours, reaching a total raise of $12.4m.

Digital Assets

KyberSwap announces first ever $ARB token liquidity pools, liquidity mining and trading campaigns on Arbitrum

Since launching in 2021, Arbitrum has emerged as one of the most promising Layer 2 solutions, with its ability to scale Ethereum and enable faster and cheaper transactions.

Digital Assets

Exness, Pepperstone, ThinkMarkets, TMGM tap Crossover’s execution-only crypto ECN

“We are delighted with the financial backing of global industry leaders in retail brokerage, market making, quantitative trading, banking, and crypto-native firms. Our consortium partners share our vision and have paved the way to create scale and opportunities for other industry participants to join our platform and participate in future rounds.”

Digital Assets

MetaMask taps MoonPay for fiat to crypto on-ramp in Nigeria

“Our partnership with MetaMask will enable us to provide Nigerian users with Bank Transfers, a widely used payment method across Nigerian e-commerce businesses. We hope this integration opens the doors for Nigerians to fund their self-custody wallet through a simplified user experience.”

Crypto Insider

Dubai Multi Commodities Centre picks Enya Labs as technology partner

Dubai Multi Commodities Centre (DMCC) has tapped Enya Labs as an ecosystem partner as it seeks to expand Dubai’s leading position as a global hub for digital assets.

Institutional FX

Advanced Markets integrates PrimeXM’s XCore trading and aggregation engine

“Advanced Markets Group has been at the forefront of liquidity innovation since its establishment in 2006. This strategic move, to further enhance our liquidity offering, is testament to our commitment to continue providing our clients with reliable and robust solutions that meet their needs.”

Digital Assets

Bybit taps Paradigm to launch spread trading on USDT-margined instruments

“We are thrilled that our collaboration with Paradigm has enabled us to provide traders with a more streamlined experience when it comes to spreads trading on USDT margined instruments. This launch further demonstrates Bybit’s commitment to bringing next level opportunities to our clients via superior trading experiences with top notch partners.”

Inside View

How to Help Your Traders Continue Trading in Bear Markets

“If you’re going to be in this game for the long pull, which is the way to do it, you better be able to handle a 50% decline without fussing much about it.” 

<